In a short Web post, Amazon named its objective (to lower most e-book prices to $9.99 apiece), disclosed what it was willing to offer to Hachette (Amazon would keep a thirty-per-cent share of the revenue from e-book sales, which is lower than it typically takes), and offered some arithmetic to support its position (by one calculation, cheaper e-books sell so many more copies that publishers—and, by extension, authors—can expect higher revenue).

To no one's surprise Amazon has revealed that the core of the battle with Hachette is Amazon's desire for lower ebook prices. The Digital Reader reports. Amazon argues that lower prices would give everyone a bigger slice by making the pie bigger.

Reuters reports that the judge in the Apple price-fixing case is not satisfied with the terms.

If Apple loses its appeal, it would pay $400 million to consumers and $50 million to the states and plaintiffs' lawyers.
In contrast, if Apple's appeal is successful but the 2nd Circuit returns the case to Cote for further proceedings or a new trial, the company would pay just $70 million, with $50 million for consumers. If the 2nd Circuit reversed Cote outright and ended the case, Apple would pay nothing.

The first year of the Booker being open to Americans produces the predicated crop of American contenders—and the predicted dearth of Commonwealth authors. NPR comments on it all. The sudden jump in US visibility is likely to correct itself once there are fewer obvious choices who have never been considered.

Preston tells PW he has gotten a second offer from Amazon's v-p of Kindle Content, Russ Grandinetti, along with a request from the executive to quiet the chorus of authors speaking out against the e-tailer.